OREANDA-NEWS. National Rating Agency has affirmed its national scale ‘AA’ and its global scale ‘iBBB-’ credit ratings on O1 Group Limited (Cyprus). The ratings fall in the “Holding and Financial Companies” section of NRA’s rating list. On May 18, 2012, the company was assigned NRA’s national scale ‘AA-’ and global scale ‘iBB+’ credit ratings, which were affirmed in 2013. On August 18, 2014, the ratings were raised to ‘AA/ iBBB-’.

Rating strengths include the group’s favourable key performance metrics, high capital adequacy and improving operating performance, as well as the stable cash flows of the group and its core companies, which remain so despite the current macroeconomic situation. The rating is also supported by our assessment of the quality and level of transparency of the group’s assets, and O1 Group’s new financially strong partners, capable of providing strong assistance and support to its projects.

The rating is constrained by Russia’s adverse economic environment that may impact the group’s business and push up its debt burden.

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